Which of these items, if constructed, could potentially lead to future economic growth? a. a bridge b. a pizza oven c. a ship d. All options are correct.
Q: 3. Efficiency in the production possibilities model Suppose the fictional country of Katmai produces…
A: Production Possibilities Frontier shows maximum combinations of two goods that can be produced with…
Q: What price will K-State charge if they are behaving the way a profit-maximizing (unregulated)…
A: The monopoly is the market structure in which there is only one seller.As the market has only one…
Q: The following estimates have been obtained for the market demand for cereal In Q= 9.01- 0.68 In…
A: The following estimates have been obtained for the market demand for cereal In Q= 9.01- 0.68 In…
Q: A firm analyzes the effects of raising its current level of output and finds that doing so will…
A: The firm average total cost increases if the firm increases its current level of output. The average…
Q: According to the graph below, with a price ceiling present in this market, if the supply curve for…
A: Demand curve is the downward sloping curve. Supply curve is the upward sloping curve. Equilibrium is…
Q: Pre-mixed concrete is an important input for the construction industry. Concrete cannot be stored or…
A: Number of firms in the industry = 3 Demand function : P = 670 - Q/40Q = q1 + q2 + q3 Fixed Cost =…
Q: What economic factors influence the success or failure of labor strikes, and how do these factors…
A: Labor strikes are collective actions where workers cease their work activities to protest against…
Q: Use the following scenario for the next two questions. Suppose that the federal government decides…
A: The AD-AS framework, or Aggregate Demand-Aggregate Supply framework, is a model used in…
Q: The amount of the tax on each unit of the good that is sold is $30 $15 $5 X $20 $10
A: A sales tax is paid to the government on every unit that is sold in the market.Tax creates a rift…
Q: Use the following graph to answer the next three questions. Price Supply B C E A D Demand Quantity…
A: Social welfare refers to the well-being or utility for all individuals society arising out of…
Q: Consider the following consumer utility maximization problem: max x y x.y s.t. 3x + 7y ≤ 231 x>0, y…
A: This is utility maximization optimization problem which means consumer is willing to maximize the…
Q: A rightward shift in the demand curve for product C might be caused by a A. decrease in income if C…
A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: Peter's preferences over two goods, x and y, are represented by the utility function u(x, y) = y +…
A: Utility, in economics, refers to the satisfaction, happiness, or well-being that individuals derive…
Q: Classify each of the following as fixed or variable costs and give a brief explanation for your…
A: The study and evaluation of corporate financial concerns using abstract economic concepts and ideas…
Q: 3. A loan was obtained for $16,000, for a period of 10 months at a rate of 20% per year. What will…
A: Compound interest is computed by multiplying the initial principal amount by one plus the annual…
Q: The law of demand states, other things being equal, the higher the price of a good, the ____
A: Law of demand states that there is an inverse relationship between price and quantity demanded and…
Q: 4. Effects of a tariff on international trade The following graph shows the domestic supply of and…
A: In the absence of international trade, the equilibrium price and quantity is determined by the…
Q: at E₁₁ In the figure at right, if the economy is in equilibrium at then A. the economy is…
A: In the figure at right, if the economy is in equilibrium at E1, thenA. the economy is underutilizing…
Q: QUESTION 2 Uber provides point to point car transport services in Brisbane. The typical Uber service…
A: Price discrimination refers to the policy of the firms in which they charge different price from the…
Q: Compact discs are sold in a perfectly competitive market. The current market price of compact discs…
A: Average Variable cost is the variable cost that os incurred to produce one additional unit of…
Q: Countrywide Financial and Bear Stearns got into trouble because of their daily need for short term…
A: Countrywide Financial and Bear Stearns, like many other financial institutions in the mid-2000s,…
Q: Suppose that the E.U. economy goes into an expansion. Canadian real GDP ________ and Canadian…
A: The expansion in the economy occurs when the economic activities are given a boost in the…
Q: Use the graph input tool to help you answer the following questions. You will not be graded on any…
A: A tariff is a type of tax placed on imported goods and services.
Q: Explain Human Capital Theory: who are the major contributors and what it is about?
A: Human Capital Theory is an economic and sociological framework that focuses on the notion that…
Q: To maximize total utility, consumers will always choose the marginal unit of the good that yields…
A: Utility maximisation implied the concept that individuals and firms seek to get the highest…
Q: MY NOTES The function gives the neekly profe, in thousand dollars, that an arine makes on its fights…
A: Rate of Change (f'):The rate of change, denoted as "f'." represents how one quantity (in this case,…
Q: Demonstrate that the elasticities for u = min (3x, y) obey Euler Homogeneity at pX= 2, pY= 2, m =…
A: Elasticity is a measure of the sensitivity of one variable to a change in another variable. It is…
Q: What do you believe is the reason HBR states "largely failed to adopt a learning orientation toward…
A: A learning orientation toward diversity is a willingness to learn about and from people with…
Q: Refer to the figure below. a. Use the figure to calculate the income elasticity of demand when…
A: Income elasticity of demand tells how much sensitive is quantity demanded to income change.Income =%…
Q: The value added by the grocer equals... TABLE 1.1 Farmer sells wheat to miller Miller sells flour to…
A: As economies and societies developed, the study of economics got more complicated. Hence, as a…
Q: QUESTION 8 Estimates of the values of which of the following non-market goods or services are…
A: Gross Domestic Product (GDP) is a key economic indicator that represents the total monetary value of…
Q: Sam's Club can sell identical items at a lower price than Macy's because of Sam's Club's: O…
A: It can be defined as a form of cost of producing an output which changes when there is any change in…
Q: 4. (a) When hurricane Katrina hits the Louisiana coastline in 2005, could the "free market deliver…
A: A demand-supply graph, also called a supply and demand curve or diagram, is a graphical…
Q: A country’s private consumption is 30, government spending is 7, investment is 5, net factor income…
A: Gross national income (GNI) measures the country's economic performance and it calculated by adding…
Q: . A primary cause of inefficiency in government is that A. Antitrust is applied to government…
A: Concentrated Benefit and Dispersed Costs:Concentrated benefits and dispersed costs refer to a…
Q: Point on Demand Curve: A B C D E F G H I Price (P): $40 $35 $30 $25 $20 $15 $10 $5…
A: Price elasticity of demand measures the responsiveness in quantity demanded of a commodity to a…
Q: Charlie consumes apples (A) and bananas (B). His utility function is . The price of apples is…
A: DISCLAIMER “Since you have asked multiple questions, we will solve the first three questions for…
Q: A rightward shift in the demand curve for product C might be caused by a(n): A. decrease in income…
A: Demand refers to the total quantity of goods or service that a consumer is willing and able to buy…
Q: Consider the market for pharmaceuticals. Suppose that a pharmaceutical factory dumps toxic waste…
A: The external cost is an activity that affects other parties. It may be a cost or benefit to the…
Q: Place the black point (plus symbol) on the following graph to indicate the profit-maximizing price…
A: As per the guidelines we are allowed to answer the first three subparts. Please post the remaing…
Q: When the price of the good drops by 5 percent to $19, consumer surplus increases by $
A: Consumer surplus is the difference between what a consumer is willing to pay for a good or service…
Q: Supply and demand: Each scenario below describes a change in a specific market. Please use a supply…
A: Demand :Demand is when a consumer has the desire to buy something at the price that he is ready to…
Q: The following diagram presents a circular-flow model of a simple economy. The outer set of arrows…
A: It can be defined as a simple form of representing a model. Basically this model shows interaction…
Q: President Trump via twitter on 11/29/2018: “Billions of Dollars are pouring into the coffers of the…
A: The terms-of-trade argument against free trade is based on the idea that a country can improve its…
Q: An increase in interest rates shifts the Investment Demand curve up and increases Business…
A: Aggregate expenditure(AE) is the summation of all the expenditure undertaken by all the economic…
Q: Please give two reasons why demand may shift to the right (increase). What is the difference between…
A: Demand is the quantity of a good that the consumer is willing and able to purchase at different…
Q: The value of the multiplier is necessarily increased if a. the marginal propensity to consume…
A: The macroeconomic environment plays a significant role in influencing corporate performance, and the…
Q: If there are two communities, one with ten families have incomes of $100,000 each and ten families…
A: Note: Since you have posted a question with multiple sub parts, we will provide the solution only to…
Q: if the demand for a good is extremely inelastic, a large increase in the cost of supplying it will…
A: Demand is said to be inelastic if a large percentage change in price leads to a smaller change in…
Q: The following is the macro model of the economy for next year. (i) Find the parametric solutions for…
A: To find the parametric solutions for the predicted G.D.P (Y) and predicted net exports (X), we'll…
a. |
a bridge |
|
b. |
a pizza oven |
|
c. |
a ship |
|
d. |
All options are correct.
|
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
- What policies can the government of a free-market economy implement to stimulate economic growth?1. What is a production possibility curve and explain points of efficiency, inefficiency, and not attainable. 2. Explain the law of increasing opportunity cost in a production possibility curve. What is the reason for increasing opportunity cost? 3. How can a country experience economic growth?Economic growth. Two key sources of economic growth have been due to increases in resources and increases in productivity. a. Please explain 5 factors that might contribute to falling U.S. GDP growth rates. b. Explain in detail, what we could do to avoid each of those 5 factors causing our GDP growth rates to fall. c. Please explain 5 factors that might contribute to rising U.S. GDP growth rates. d.Explain in detail, what we could do to cause each of the 5 factors to happen and cause our GDP growth rate to increase.
- Choose the correct statement about economic growth theories. A. Modern-day Malthusians point to global warming and climate change as reasons to believe that eventually real GDP per person will decrease. B. Classical growth theory tells us profit is the spur to technological change. C. According to new growth theory, growth occurs because knowledge and physical capital do not experience diminishing returns. D. New growth theory is sometimes called Malthusian theory.How does increasing the level of public education spending typically affect the long- term economic growth of a country? A. It has no effect on long-term economic growth. B. It reduces long-term economic growth due to higher taxes. C. It increases long-term economic growth by improving the workforce's skills and knowledge. D. It initially boosts economic growth but leads to a decline in productivity over time.Thomas Robert Malthus believed that population growth would a.put stress on the economts ability to produce food,dooming humans to remain in poverty. b.spread the capital stock too thinly across the labor force,lowering each worker's productivity. c.promote technological progress,because there would be more scientists and inventors. d.eventually decline to sustainable levels,as birth control improved and people had smaller families.
- Suppose that society decided to reduce consumption and increase investment. i. How would this change affect economic growth? ii. What groups in society would benefit from this change? iii. What groups might be hurt?What is the likely effect of increasing public investment in higher education on a country's long-term economic growth? A. It will lead to a decrease in economic growth due to higher taxes. B. It will have no effect on economic growth. C. It will lead to higher long-term economic growth due to an improved labor force. D. It will initially boost economic growth but lead to a decline in the long run.1. The objective of economic development is to raise the levels of living, it meansa. provide additional income, provision for more jobs and greater attention to cultural values.b. widen the distribution of food, shelter, health, and security.c. expand the range of economic and social choices. 2. Modernizing values of developed nations, many societies in developing countries suffer from serious cultural confusion when did come in contact with technologically advanced societies. What role and core values of Economic development?a. sustenanceb. self-esteemc. freedom from servtitude
- A. How is economic growth measured? B. Why is economic growth important? C. If a country's economy grows at an average rate of 14 percent per year, how many years would it take to double?Over the 120 years from 1900 to 2020, the average growth rate of U.S. real GDP per person was 2 percent a year. What does this tell us? A. Real GDP grew faster than the population. B. The growth rate of real GDP was 2 percent a year on average. C. Real GDP grew slower than the population. D. The growth rate of real GDP was less than 2 percent a year on average.K The new growth theory argues that A. improvements in technology are not so important in determining economic growth because there are almost no productivity gains left in the economy. O B. for new technology to positively affect economic growth, the benefits from R&D activity must all accrue to the country that performs the R&D. OC. technology must be considered a separate factor of production that is sensitive to economic incentives. OD. economic growth is determined by technology, but growth in technology is unrelated to economic incentives.